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Unregistered Sale of Equity Securities
−Removed: On January 18, 2024, we issued (i) 5,365,854 shares of Common Stock to Ascend at a price of $1.025 per share, which shares include the placement fee paid to Ascend in shares of Common Stock and (ii) 5,635,854 shares of Common Stock to 5ECAP at a price of $1.025 per share, which shares include the placement fee paid to 5ECAP in shares of Common Stock (together, the “First Closing”).
−Removed: On January 29, 2024, we issued 8,317,074 shares of Common Stock to 5ECAP at a price of $1.025 per share (the “Second Closing”).
−Removed: The shares of Common Stock issued in the First Closing and the Second Closing were made in reliance on Section 4(a)(2) of the Securities Act.
−Removed: We intend to use the net proceeds from the First Closing and Second Closing to strengthen our balance sheet, fund our next phase of development, and commence mining operations for boric acid and lithium.
+Added: Except as previously disclosed on Current Reports on Form 8-K filed with the SEC, there were no unregistered sales of equity securities for the three months ended March 31, 2024.
Defaults Upon Senior Securities.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.